Oppenheimer & Co. Inc. acquired a new position in shares of Lululemon Athletica (NASDAQ:LULU) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,106 shares of the apparel retailer’s stock, valued at approximately $277,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. bought a new position in Lululemon Athletica in the 4th quarter worth about $371,000. Marco Investment Management LLC bought a new position in Lululemon Athletica in the 4th quarter worth about $204,000. Global X Management Co. LLC increased its stake in Lululemon Athletica by 22.4% in the 4th quarter. Global X Management Co. LLC now owns 3,933 shares of the apparel retailer’s stock worth $309,000 after acquiring an additional 719 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Lululemon Athletica by 481.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 395,741 shares of the apparel retailer’s stock worth $31,101,000 after acquiring an additional 327,624 shares during the last quarter. Finally, Delek Group Ltd. bought a new position in Lululemon Athletica in the 4th quarter worth about $6,145,000. 79.72% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica opened at $102.00 on Friday, according to Marketbeat.com. Lululemon Athletica has a 1 year low of $99.15 and a 1 year high of $101.67. The company has a market cap of $13.77 billion, a P/E ratio of 39.10, a P/E/G ratio of 2.48 and a beta of 0.14.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Tuesday, March 27th. The apparel retailer reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.06. Lululemon Athletica had a return on equity of 24.59% and a net margin of 9.76%. The business had revenue of $929.00 million for the quarter, compared to analyst estimates of $912.41 million. During the same period last year, the company earned $1.00 EPS. Lululemon Athletica’s revenue for the quarter was up 17.6% compared to the same quarter last year. analysts predict that Lululemon Athletica will post 3.12 earnings per share for the current year.

A number of brokerages have weighed in on LULU. ValuEngine upgraded Lululemon Athletica from a “hold” rating to a “buy” rating in a research note on Monday. BidaskClub upgraded Lululemon Athletica from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 27th. Wedbush began coverage on Lululemon Athletica in a research note on Thursday, May 10th. They issued a “neutral” rating and a $90.00 target price on the stock. They noted that the move was a valuation call. Bank of America restated a “buy” rating and issued a $106.00 target price on shares of Lululemon Athletica in a research note on Tuesday, April 24th. Finally, Needham & Company LLC lowered Lululemon Athletica from a “buy” rating to a “hold” rating and decreased their target price for the stock from $94.30 to $88.00 in a research note on Monday, April 23rd. They noted that the move was a valuation call. Seventeen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $83.44.

Lululemon Athletica Company Profile

lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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